Royal Bank Of Canada Cuts Kinaxis (TSE:KXS) Price Target to C$200.00

Kinaxis (TSE:KXS) had its price objective cut by Royal Bank Of Canada from C$235.00 to C$200.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

KXS has been the topic of several other reports. National Bankshares set a C$240.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. Cibc Captl Mkts raised shares of Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$224.00.

Kinaxis Trading Down 1.1%

TSE:KXS opened at C$144.46 on Monday. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. Kinaxis has a 1 year low of C$143.02 and a 1 year high of C$212.45. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 120.38, a PEG ratio of 3.60 and a beta of 0.81. The stock has a fifty day moving average price of C$170.43 and a two-hundred day moving average price of C$181.34.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. The firm had revenue of C$187.41 million during the quarter. As a group, sell-side analysts anticipate that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the transaction, the insider owned 19 shares of the company’s stock, valued at C$3,370.79. This trade represents a 92.12% decrease in their ownership of the stock. Company insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.